By 2026, Volkswagen will also have a $25,000 EV which will be an entry-level model that could work wonders in emerging markets like India where also the brand is seeing good growth.
As part of the MoU, the two companies will collaborate on the design and development of low and zero-emission propulsion technology solutions for commercial vehicles in India. This will include hydrogen-powered internal combustion engines, fuel cells, and battery electric vehicle systems.
The price hike affects the Fortuner, Innova Crysta, Camry Hybrid and Vellfire MPV. The entry-level models including the Glanza, Urban Cruiser and new Urban Cruiser Hyryder remain unaffected.
Codenamed Hyundai AX1, the new micro SUV will spawn petrol and electric versions that will be manufactured in India and will be the automaker's first mass-market electric offering.
S&P Dow Jones Indices announced that Tesla would join the S&P 500 index prior to the opening of trading on December 21, potentially in two tranches making it easier for investment funds to digest.
Volkswagen is legally separating its Lamborghini supercar and Ducati motorbike brands, confirming an earlier Reuters report, as the German automaker seeks to streamline its operations and focus on mass-producting electric cars.
The head of Peugeot maker PSA Group expects more consolidation in the auto industry as carmakers invest vast sums to make electric vehicles, he said on Monday, while predicting some wouldn't make it through the coming decade.
Tata Motors has supplied 14 units of the all-electric Xpres-T EVs to the Garden Reach Shipbuilders & Engineers, as a part of its contract with Energy Efficiency Services Limited (EESL).
Nissan offers the Magnite in four key trims - XE, XL, XV and XV Premium, which are further classified into 20 different grades, based on various criteria. So, if you are confused as to which variant to buy, our suggestion would be to get the XV 1.0 Turbo petrol option, and here are 5 reasons why.
Tata Motors' new Xpres brand will specifically cater to the fleet vehicle buyers and it will include both Internal Combustion Engine (ICE) vehicles and Electric Vehicles (EV). The first model to be introduced under the new vertical is the re-branded Tigor EV, called Xpres-T EV.
Showing signs of recovery, the passenger vehicle segment recorded a robust triple-digit growth of 119.31 per cent at 231,633 units against 105,617 units sold in June 2020.
The state government of Maharashtra released a new EV policy and electric vehicle manufacturers have welcomed the move and expect the new policy to boost EV sales in the state.
Suman Mishra is taking over from Mahesh Babu, MD & CEO, MEML, who has decided to pursue opportunities outside of Mahindra Group. She will take up the new position effective from August 14, 2021.
Volkswagen raised its long-term profitability target on Tuesday in a sign of the German automaker's growing confidence in managing the shift to electric and self-driving vehicles.
